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Question

Which statement is not true for entrepreneurs?
  1. They change the way business convert inputs into outputs.
  2. They are agents of adjustment.
  3. They apply innovative ideas.
  4. They generally stick to the processes already in use.

A
They generally stick to the processes already in use.
B
They change the way business convert inputs into outputs.
C
They apply innovative ideas.
D
They are agents of adjustment.
Solution
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The correct option is D They generally stick to the processes already in use.
To be an Entrepreneur is a challenge in itself. It needs to have some important characteristics to be a successful entrepreneur. The traits are:-
1. Risk Taker
2. Innovator.
3. Motivator.
4. Capital provider
5. profit maker
6.Challenge Taker.
These are the common characteristic a person needs to have to be an entrepreneur.

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